Published on 7/8/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.08 million trigger gears linked to six indexes
By Angela McDaniels
Tacoma, Wash., July 8 – Morgan Stanley Finance LLC priced $4.08 million of 0% trigger gears due June 28, 2029 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 20% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
If the basket return is positive, the payout at maturity will be par of $10 plus 4.4 times the basket return. If the basket declines by up to 35%, the payout will be par. If the basket declines beyond 35%, investors will lose 1% for every 1% that the basket declines from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying indexes: | Euro Stoxx 50 (40% weight), Nikkei 225 (20% weight), FTSE 100 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
|
| Amount: | $4,081,800
|
| Maturity: | June 28, 2029
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket return is positive, par plus 4.4 times basket return; if basket declines by up to 35%, par; if basket declines beyond 35%, 1% loss for every 1% that basket declines from initial level
|
| Initial levels: | 3,444.45 for Euro Stoxx 50; 21,086.59 for Nikkei 225; 7,416.39 for FTSE 100; 9,838.13 for Swiss Market; 6.640.485 for S&P/ASX 200 and 28,221.98 for Hang Seng
|
| Downside threshold: | 65% of initial basket level
|
| Pricing date: | June 26
|
| Settlement date: | June 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 61768Y760
|
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